..

What Does The Bellagio Chips Thief Intend To Do With His Stash?

Written by:
Jagajeet Chiba
Published on:
Dec/15/2010
Bellagio Casino Chips Theft

With news that an armed man on a motorcycle committed a brazen early morning robbery at the posh Bellagio Hotel Casino on the Las Vegas Strip, one had to question what he might do with his millions.

The $1.5 million stolen was not in the form of cash but rather casino chips.

"Casino chips are not like cash," explained Yvette Monet, spokeswoman for the Bellagio's parent company, MGM Resorts. "At some point they must be redeemed for cash at the Bellagio."

The unidentified man ran across the casino floor around 4 am Tuesday morning.

"He entered the casino floor and went directly to the craps table where he confronted patrons with a firearm," says Lt. Clint Nichols, Las Vegas Metropolitan Police Department.

The time it took to commit the armed heist was no more than three minutes. 

This is the 10th casino robbery in Vegas this year according to police.

"The number is still relatively low," Lt. Nichols says. "It's not an epidemic that we see valleywide."

Some high profile robberies in Vegas casino bathrooms have been cause for alarm however.

Just a few weeks ago, a man was murdered in the Opera House Casino bathroom.  A suspect in that shooting was later apprehended.

Early in October, World Series of Poker finalist and boyfriend of 2007 WSOPE winner Annette Obrestad, Scott Montgomery, was held up and robbed of all his money in the bathroom of the Bellagio Hotel.  The robber in that case was never detained.

- Jagajeet Chiba, Gambling911.com

Gambling News

NFL Betting Line Analysis: Home Team Dog +3.5

NFL Betting Line Analysis: Home Team Dog +3.5

Gambling911.com looks at games that featured the home team as a primary +3.5 home dog

Bookie Sports Betting Solution for UFC 257 McGregor vs. Poirier Fight in Northwest Texas

Bookie Sports Betting Solution for UFC 257 McGregor vs. Poirier Fight in Northwest Texas

AcePerHead offers an excellent sports betting solution and full service Pay Per Head that includes live customer service and prop generation for UFC 257 and is available in Northwest Texas.

Plug Pulled on Plan to Blow Up Trump Plaza at Last Minute

Plug Pulled on Plan to Blow Up Trump Plaza in Final Hour

An auction house trying to raise money for a youth charity by soliciting bids to blow up a former casino once owned by President Donald Trump called off the effort Monday after receiving a cease-and-desist letter from conservative billionaire Carl Icahn.

One Man Critically Injured Following Vegas Strip Shooting Sunday

One Man Critically Injured Following Vegas Strip Shooting Sunday

Las Vegas Metropolitan Police Lt. David Gordon conveyed to reporters late Sunday that the suspect in a Vegas Strip shooting had been captured at the Treasure Island Hotel and Casino.

NFL Betting Line Analysis: Home Team -10

NFL Betting Line Analysis: Home Team -10

Gambling911.com looks at games that featured the home team a a primary -3 home favorite.  We look at the line moves around this number and the final results.

Syndicate